Archives: March 2022

US lumber price sits near last year record high

A 50% technical retracement of the move from the May 2021 high to the August low is $1,099.60 [...]

Russia’s war on Ukraine could triple ocean shipping rates

    Russia's invasion into Ukraine is likely to send ocean and air shipping rates skyrocketing at [...]

UPM and Metsä Group hit pause in Russia

    UPM will cease its deliveries to Russia for the time being.    While [...]

IKEA ceases operations in Russia and Belarus

IKEA has decided to temporarily pause operations in Russia. This means that: Inter IKEA Group has taken the decision to [...]

Ukraine war and its effect on European timber imports

    In what feels like a return to the dark days of the Cold War, the ongoing [...]

Canfor expects strong N. American and European lumber markets

Canfor Corp. said on Tuesday it expects North American and European lumber market fundamentals to remain strong in the first [...]

EU to ban wood, lumber imports from Belarus

    The European Union has banned most imports from Belarus over its involvement in Russia's invasion [...]

Stora Enso will start replacing wood procurement in Russia immediately

    Replacing Russian wood will increase domestic demand, logistics may become a bottleneck.     [...]

Ponsse and John Deere Forestry suspend operations in Russia

    Ponsse Oyj has decided to suspend all export operations to Russia and Belarus for the time [...]

Sharp increase in prices for New Zealand exported logs to China

The At Wharf Gate (AWG) prices for New Zealand exported logs increased an average of $7 in January and $27 [...]